We were joined by Olympus Founder Zeus to chat about why the protocol was created and how it works, and we address the debate about it being a Ponzi scheme.
Olympus is a hotly debated project in the DeFi space. It posits to be a decentralized reserve currency protocol. Each OHM token is partially backed by the Olympus treasury, but how large the treasury is, depends on what is counted towards it. We would argue that OHM tokens should be discounted for this purpose. Users can interact with Olympus DAO through staking and bonding, which incentivizes users to deposit or sell their collateral to the Olympus treasury in return for discounted OHM tokens.
We were joined by Olympus Founder Zeus to chat about why the protocol was created and how it works, and we address the debate about it being a Ponzi scheme.
Topics covered in this episode:
Episode links:
Sponsors:
This episode is hosted by Friederike Ernst & Zubin Koticha. Show notes and listening options: epicenter.tv/428